TotalEnergies sells 35% of Danish Bifrost project to CarbonVault, a SCHWENK subsidiary
TotalEnergies reduced its stake in the Bifrost CO2 storage project in Denmark, bringing in CarbonVault as an industrial partner and future client of the offshore site located in the North Sea.
| Countries | Allemagne, Danemark, France |
|---|---|
| Companies | TotalEnergies |
| Sector | Carbone, Stockage géologique |
| Theme | Investissements & Transactions, Partenariats commerciaux |
TotalEnergies, through its subsidiary TotalEnergies E&P Denmark, has signed a sale agreement for a 35% stake in the Bifrost carbon dioxide (CO2) storage project with Danish company CarbonVault. CarbonVault is a subsidiary of German cement group SCHWENK. Following the transaction, TotalEnergies E&P Denmark retains a 45% stake and remains the project operator, alongside CarbonVault (35%) and Nordsøfonden (20%), the Danish state-owned entity for energy resources.
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